1207 Zarragossa StPensacola, FL 32502

This 0.147-acre commercial and residential land parcel in Pensacola, Florida, presents a unique redevelopment opportunity. Located at 1207 W Zarragossa St, within the City of Pensacola Community Redevelopment Overlay Boundary, this C3-zoned lot offers a 60' frontage and could be subdivided into two 30' x 117' lots. The property is situated in a thriving area experiencing significant revitalization, with new construction, multi-family housing, and commercial development surrounding it. Existing infrastructure, including utilities and curb cuts, is readily accessible. The site benefits from its proximity to the vibrant downtown core, offering easy access to Maritime Park, Bruce Beach, and numerous restaurants, shops, and entertainment venues. The property includes a circa 1920, 780 square-foot residence, which is not factored into the asking price of $179,000. The high demand for housing in this area, with prices ranging from $250 to $350 per square foot, makes this a compelling investment opportunity for both residential and commercial developers. The APN is 000S009080004141. This location offers a blend of historic charm and modern amenities, making it an attractive destination for residents and businesses alike. The property's central location and zoning flexibility provide significant potential for future development and strong returns.